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Therefore, investors need to be

Therefore, investors need to be cautious about their takes on the market. All eyes are on the EUR/USD chart at the moment as the pair flirts with a potential break of parity. All things being equal, that’s a major psychological level but it may appear… LONDON – The British pound slipped to a fresh two-year low on Tuesday thanks to a broad dollar rebound and as political uncertainty weighed on sentiment. Today, I will mainly talk about China’s economic outlook and monetary policy response.This is a good example of a combination of an accommodative monetary policy and proactive fiscal policy. By Skerdian Meta, Lead AnalystDuring Friday’s Asian session, gold price cheers the US dollar’s pullback from a nearly two-decade high, extending the recovery to $1,750.

  • If your alarm clock didn’t go off and you are late to the market, no worries ― a quick review of FX Leaders’ news will have you back on the competitive lead lap in no time.
  • Learn how to trade forex in a fun and easy-to-understand format.
  • Canadian shares are likely to open on a weak note on Tuesday, tracking lower crude oil prices and weakness in European markets amid rising worries about growth and a surge in coronavirus cases in China.
  • The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies.
  • Price action traders will also want to note that a base appears to be forming on GBPJPY.

If the RBI wanted, it could have allowed the rupee to appreciate against the dollar by not intervening in the forex market. Catch the latest FX DotBig company news with their latest updates on the ongoing market, forex trading platforms, prices & charts, forex signals, and many more in one place.

Xrp Price Could Visit December 2020 Lows If This Happens Next

This https://www.forex.com/ portal helps beginner FX traders learn the foundational elements of trading in the Forex market. In fact, they are among the most frequented sites for people looking to first enter the FX market.

The main goal of the news portal is to deliver the necessary data and information to their readers across the globe. FX Empire has been delivering Forex to FX traders for more than 6 years. This site provides news coverage at a global level under categories such as daily briefing, market news, forecasts, and US Dollar index. DailyFX also provides important information dedicated to currency pairs such as EUR/USD, USD/JPY, GBP/USD, etc. In fact, the dedicated section for US Dollar is quite handy to Forex traders as many of the major currency pairs contain the US Dollar. The news and analysis reports available in this section are the most useful feature.

Price Action On The Daily Chart

European stocks fell on Tuesday as rising COVID case counts in several regions fueled talks of another round of painful lockdowns in China, especially in Shanghai or Beijing. Sign Up NowGet this delivered to your inbox, https://activerain.com/blogsview/5725992/dotbig-ltd-review–why-trade and more info about our products and services. By Hari Kishan BENGALURU – The U.S. dollar will remain strong for at least the next three months as it basks in both expectations for aggressive Federal Reserve interest…

forex news

Even though the main website is in English, the content is translated to 15 other languages including Spanish. The point is not to argue that Forex news India should manipulate its currency. The point is to understand how the level of forex reserves and the rupee’s exchange rate are related.